Gold Regains $1,200 Price Level on First Trading Day of 2014

Gold prices pop more than $20 on the first trading day of 2014, following the worst year for the yellow metal since 1981. BullionVault Vice President Miguel Perez-Santalla tells TheStreet's Joe Deaux that gold's gain on Thursday likely came from traders who were absent through the holidays that returned to "cheap" gold. The price fell below $1,200 on the final trading day of the year, and is a level that repeatedly has been tested and held as a key price level for gold.